Gold prices continue to struggle on US rate hike prospects

Source: Reuters
© ScanPix/Reuters
Prices of the yellow metal edged lower on Tuesday, extending the two-day losing streak, while prospects of the 2015 rate hike in the US are still in place. The bullion declined by 0.57% to $1,125.60 per troy ounce by 08:45 AM GMT. Meanwhile, analysts are pointing out that the precious metal failed to confirm its safe-haven status, as it continues to trade lower amid a risk-off sentiment in financial markets worldwide. 
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